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Transcription
43 With Federal Income Tax at 45^ Capital Base....... " Required Increase in Gross Revenue ~ Amount Per Cent Investment f> '73,9'8’S 33.33 Original Cost 94,307 42.48 Present-Day Cost 157,495 70.94 It is of interest to observe that if the production facilities be treated as an integrated part of the Water Utility and a return earned on the combined properties, the results are identical with those heretofore presented, wherein the production of water is treated as a separate enterprise from that of the distribution of water as performed by the Las Vegas Land and Water Company. Such uniform treatment carries with it the necessity of utilizing comparable capital bases and tax rates. This latter compilation is set forth in Table P.
